Wall Street
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Gender, Jeffrey Epstein, Money, Perverts, Rank Stupidity, Sex, Sex Scandals, Wall Street, Weirdness
Suing Millionaires for Fun and Profit: Practice Makes Perfect?
Maximilian Cordero believes the second time is a charm — with respect to (1) a gender and (2) suing rich guys. From DealBreaker: In the grand tradition of trying to turn the (real or imaginary) sexual assault you suffered at the hands of a creepy old guy into stocks and bonds, everyone knows you don’t […] -
Fashion, Gender, Jeffrey Epstein, Lawsuit of the Day, Oral Sex / Blow Jobs, Perverts, Sex, Sex Scandals, Wall Street, Weirdness
Cordero v. Epstein: She's a Man, Man!
When we recently wrote about the case of Cordero v. Epstein, in which model Maximilia Cordero alleges that high-profile financier Jeffrey Epstein took advantage of her when she was underage, one of you wondered: “[H]ow many of [Cordero lawyer William] Unroch’s models do you think are really trannies?” One possible answer: at least one. Namely, […] - Sponsored
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
The rise of remote work has dramatically reshaped the relationship between Lawyers and Law Firms, see how Scale LLP has taken the steps to get… -
Crime, Fashion, Jeffrey Epstein, Lawsuit of the Day, Money, Oral Sex / Blow Jobs, Perverts, Sex, Sex Scandals, Wall Street
Lawsuit of the Day: Cordero v. Epstein
Our colleagues over at DealBreaker have been extensively covering one heck of a lawsuit. It’s our Lawsuit of the Day, but it really ought to be our Lawsuit of the Week — it’s that good. The defendant is wealthy New York financier Jeffrey Epstein, who already stands accused, in Florida state court, of sex crimes […]
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Biglaw, Hedge Funds / Private Equity, Media and Journalism, Mergers and Acquisitions, Money, New York Times, Private Equity, Shameless Plugs, Wall Street
For M&A Lawyers, Is the Premium Party Over?
As some of you have noticed, we have an article in today’s New York Times, in the DealBook Special Section. It’s about fee arrangements in the (highly lucrative) context of mergers-and-acquisitions work. Here’s a teaser: For some firms, billable hours are just the beginning. As the boom rolled on, law firms specializing in mergers and […] -
Biglaw, Hedge Funds / Private Equity, McKee Nelson, Private Equity, Wall Street
More Woe Ahead for Private Equity and Mortgage-Backed Securities Lawyers?
That seems to be the theme of this very interesting article, by Ben Hallman and Aruna Viswanatha, in the current issue of the American Lawyer. It echoes the problems we discussed back in this post, concerning the $70 million malpractice suit filed against Cadwalader, in connection with the firm’s mortgage-backed securities practice. Here’s an excerpt […] -
Ann Althouse, Law Schools, Michael Mukasey, Money, Non-Sequiturs, Securities and Exchange Commission, Wall Street
Non-Sequiturs: 09.28.07
* Ann Althouse on the Chelsea Clinton restaurant photo controversy from earlier this week: “‘We reserve the right to exercise any and all options available to us.’ What kind of crap is that?” [Althouse] * Our apologies to Brian Dalton of Vault for the snark from earlier today. How were we to know that a […] -
Fabulosity, Lawyerly Lairs, Litigators, Private Equity, Real Estate, Wall Street
Lawyerly Lairs: Star Litigator Bails Hedge-Funder Out of $8 Million Mansion
Here’s a sign of changing times: lawyers are picking up luxury real estate holdings that hedge fund guys can’t afford to keep. From the Daily Business Review: A high profile Miami litigator is expanding his real estate holdings on Key Biscayne. Attorney Eugene E. Stearns and his wife, Diana, purchased a two-story home at 250 […] -
Biglaw, Money, Perks / Fringe Benefits, Technology, Wall Street
Biglaw Perk Watch: Equity Compensation Schemes
Our somewhat flagging coverage of the perks or fringe benefits of law firm life is getting reinvigorated, thanks to your suggestions. If you have an idea for a perk that merits discussion, please review our prior coverage (scroll down), to make sure we haven’t covered it already. If we haven’t, then please send your idea […] - Sponsored
The Business Case For AI At Your Law Firm
ChatGPT ushers in the age of generative AI – even for law firms. -
Biglaw, Job Searches, Layoffs, Money, Skaddenfreude, Wall Street
Layoffs?
Last week we wondered whether conditions in the stock and credit markets might lead to layoffs or affect bonuses. The situation has continued to deteriorate, particularly in the credit market. Now others are starting to join us in the rampant speculation about layoffs. From the NYT’s DealBook: The current turmoil in the credit market has […] -
Advertising, Bar Exams, Barry Ostrager, Gay, Hedge Funds / Private Equity, Law Reviews, Non-Sequiturs, Tax Law, Wall Street
Non-Sequiturs: 08.22.07
* Barry Ostrager of Simpson Thacher bills out at $1,000 an hour? Well, just keep him away from your bathroom. [WSJ Law Blog] * Eager to soak the rich (hedge fund kings)? Good luck with that. [DealBreaker] * Remember the wacky Stephen Dunne, who blames the gays for his bar failure? Not being admitted may […] -
Books, Fashion, Fast Food, Gay, Law Professors, Non-Sequiturs, Samuel Alito, Shopping, Wall Street, Willkie Farr
Non-Sequiturs: 08.10.07
* This may come as a surprise to some of you, but Chambermaid isn’t the only law-related book that has been published in the past six months. Check out Nicole Black’s enthusiastic review of Ivy Briefs, by Columbia Law School grad Martha Kimes. [Legal Antics] * Harvard Law School snags Bill Rubenstein, a prominent gay […] -
2nd Circuit, Advertising, Ann Althouse, Bruce Kovner, Malpractice, Non-Sequiturs, Rachel Kovner, Technology, Wall Street
Non-Sequiturs: 08.09.07
* Lawyer opinions solicited: Is this an effective ad for malpractice insurance? [Copyranter] * Another ugly day for the stock market. [Volokh Conspiracy] * On that subject: Is the vast family fortune of Rachel Kovner, ATL’s official It girl, in jeopardy — as recently rumored by our sibling site? Not exactly. But if Bruce Kovner’s […] -
Biglaw, Money, New York Observer, Skaddenfreude, Wall Street
Profits vs. Partners: Is Biglaw Going the Way of the Dinosaur?
In this week’s New York Observer, there’s an article (by yours truly) that may be of interest to ATL readers. It’s entitled Profits vs. Partners: Are the country’s top law firms going the way of the dinosaur? You can check it out by clicking here. The piece has also been picked up by DealBook and […]
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The Business Case For AI At Your Law Firm
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Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
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Legal AI: 3 Steps Law Firms Should Take Now
If 2023 introduced legal professionals to generative AI, then 2024 will be when law firms start adapting to utilize it. Things are moving fast, so…
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Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
The rise of remote work has dramatically reshaped the relationship between Lawyers and Law Firms, see how Scale LLP has taken the steps to get…
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Email Scandals, Ridiculousness, Vicious Infighting, Wall Street
Watch I-Bankers Get Pissy With Each Over Email
Hey, guess what? Lawyers aren’t the only ones who suffer email meltdowns after too many nights of not enough sleep. Investment bankers do too. See here. (Of course, these tools probably get paid more than you do.) When Bankers Break Down! [DealBreaker] -
Biglaw, Money, Partner Profits, Wall Street
More About Cahill's Premature Promotions
Earlier this week, we reported on the unexpected early promotions of four corporate associates at Cahill Gordon. According to various comments, the four soon-to-be partners, whose promotions will take effect in July, are Doug Horowitz, Corey Wright, Bill Miller, and Jonathan Frankel. As some speculated, this quartet was promoted early to prevent them from leaving […] -
Asians, Blogging, Defamation, Goldman Sachs, Insider Trading, Vicious Infighting, Wall Street, White-Collar Crime
Legal Week at DealBreaker
Law-related stories are proliferating over at our big sibling site, DealBreaker. Here are three from yesterday afternoon alone: 1. Goldman Sachs Acquitted of All Charges. It’s good to be Goldman: “In an effort to uphold the rule that the Masters of the Universe can pretty much get away with anything simply because they’re the Masters […] -
Biglaw, Money, Private Equity, Wall Street
Thank Private Equity for That Raise of Yours
If you look up the term “private equity” in Black’s Law Dictionary, the entry reads: “Lucky bastards who make three times as much as you do, even though you graduated from college at the same time.” But perhaps lawyers should think warm-and-fuzzy thoughts, as opposed to envious and resentful ones, about private equity types. Today’s […] -
Blogging, Copyright, Free Speech, Wall Street
Looks Like Our Big Sibling Is Getting Sued
The legal ninjas of Cobra Kai Kobre & Kim are coming after our friends at DealBreaker. Yikes. Good luck, guys! We’re pulling for you. P.S. Our esteemed colleague, DealBreaker editor John Carney, is also a lawyer (who practiced at Skadden for several years). So he’s not as easily intimidated by scary lawyer letters as most […] -
Blogging, Free Speech, Wall Street
Will Our Big Sibling Get Sued?
Our big sibling, the Wall Street tabloid DealBreaker.com, obtained and posted a promotional brochure for Solengo Capital, the new hedge fund being launched by former traders at the ill-fated Amaranth Advisors. Amaranth, you may recall, accomplished the impressive feat of losing $6 billion in a single week, before breathing its last. Apparently the Solengo Capital […] -
Anthony Kennedy, Kids, SCOTUS, Screw-Ups, Supreme Court, Wall Street
Justice Kennedy Commits a Boo-Boo
OOPS!!! Sorry about that. The Court’s order vacating its December grant of review explains that it was “advised by Justice Kennedy that he now realizes that he should have recused himself from participation in this case, and does now recuse himself.” Justice Kennedy contemplated, but ultimately decided against, issuing a separate order explaining his belated […]